Investment Counselors of Maryland LLC increased its position in shares of Quanta Services Inc. (NYSE:PWR) by 6.8% during the third quarter, Holdings Channel reports. The institutional investor owned 7,701 shares of the company’s stock after buying an additional 490 shares during the period. Investment Counselors of Maryland LLC’s holdings in Quanta Services were worth $216,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Trillium Asset Management LLC raised its position in Quanta Services by 2.6% in the second quarter. Trillium Asset Management LLC now owns 637,387 shares of the company’s stock worth $14,736,000 after buying an additional 16,377 shares in the last quarter. Wedge Capital Management L L P NC acquired a new position in Quanta Services during the second quarter valued at about $10,032,000. LMR Partners LLP acquired a new position in Quanta Services during the second quarter valued at about $2,258,000. SG Americas Securities LLC raised its position in Quanta Services by 114.6% in the second quarter. SG Americas Securities LLC now owns 119,249 shares of the company’s stock valued at $2,757,000 after buying an additional 63,681 shares during the period. Finally, Acrospire Investment Management LLC raised its position in Quanta Services by 79.1% in the second quarter. Acrospire Investment Management LLC now owns 7,700 shares of the company’s stock valued at $178,000 after buying an additional 3,400 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

Shares of Quanta Services Inc. (NYSE:PWR) traded up 0.31% during midday trading on Friday, hitting $32.88. 708,850 shares of the company’s stock were exchanged. The company has a 50-day moving average of $29.44 and a 200-day moving average of $25.93. Quanta Services Inc. has a 52 week low of $16.77 and a 52 week high of $33.13. The firm has a market cap of $4.97 billion, a price-to-earnings ratio of 49.44 and a beta of 0.60.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, November 3rd. The company reported $0.55 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.55. Quanta Services had a net margin of 1.42% and a return on equity of 5.53%. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same period in the prior year, the business earned $0.30 earnings per share. Quanta Services’s quarterly revenue was up 5.2% on a year-over-year basis. Equities research analysts expect that Quanta Services Inc. will post $1.54 EPS for the current fiscal year.

Several research analysts have issued reports on PWR shares. Stifel Nicolaus upgraded shares of Quanta Services from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Friday, August 5th. TheStreet upgraded shares of Quanta Services from a “hold” rating to a “buy” rating in a research report on Thursday, November 3rd. Zacks Investment Research upgraded shares of Quanta Services from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Wednesday, October 5th. Credit Suisse Group AG restated a “buy” rating and issued a $26.00 price target on shares of Quanta Services in a research report on Monday, August 8th. Finally, Deutsche Bank AG restated a “buy” rating on shares of Quanta Services in a research report on Saturday, August 6th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Quanta Services has an average rating of “Buy” and a consensus price target of $28.50.

About Quanta Services

Quanta Services, Inc is a provider of specialty contracting services, offering infrastructure solutions primarily to the electric power and oil and gas industries in the United States, Canada and Australia and selected other international markets. The Company operates through two segments: Electric Power Infrastructure Services, which provides network solutions to customers in the electric power industry, and Oil and Gas Infrastructure Services, which provides network solutions to customers involved in the development and transportation of natural gas, oil and other pipeline products.